WOR - Worthington Industries: Valuation Re-Rating Completed Post Separation

2024-03-25 16:00:00 ET

Summary

• Worthington Industries' shares have risen 30% since separating from Worthington Steel, creating value for investors.
• As an undervalued and stable business, it has seen a re-rating in a tougher year from a sales perspective.
• Following the re-rating, I am taking profits on part of my position here.

When Worthington Industries ( WOR ) separated itself from its daughter company Worthington Steel ( WS ) in December of last year, I believed that real value was unlocked for the former parent company....

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